TAMPA BAY – The Tampa Bay Lightning have acquired goaltender Peter Budaj, defenseman Erik Cernak, a seventh-round pick in the 2017 NHL Draft as well as a conditional pick in 2017 from the Los Angeles Kings in exchange for goaltender Ben Bishop and a fifth-round selection in 2017, vice president and general manager Steve Yzerman announced today.

Budaj, 6-foot-1, 196 pounds, has played in 53 games with the Kings this season, posting a 27-20-3 record with a 2.12 goals-against average and a .917 save percentage with seven shutouts. Budaj, 34, has appeared in 350 NHL games with Los Angeles, the Montreal Canadiens and Colorado Avalanche, with a 152-127-39 record with 18 shutouts.

Cernak, 6-3, 221 pounds, has skated in 41 games with the Ontario Hockey League’s Erie Otters this season, registering three goals and 17 points, along with a plus-27 rating. The 19-year-old defenseman has played in 82 career OHL games with Erie, recording seven goals and 32 points with a plus-34 rating.

TAMPA BAY – The Tampa Bay Lightning have acquired right wing Stefan Fournier from the Arizona Coyotes in exchange for right wing Jeremy Morin, vice president and general manager Steve Yzerman announced today.

Fournier, 6-foot-3, 226 pounds, has played in 29 games with the Tucson Roadrunners this season, recording two goals and four points. He has played in 139 career AHL games with the Roadrunners, St. John’s IceCaps, Springfield Falcons and Hamilton Bulldogs.

The 24-year-old has also played in 18 career ECHL games with the Wheeling Nailers and the Brampton Beast, notching six points.

TAMPA BAY – The Tampa Bay Lightning have acquired defenseman Jonathan Racine, along with a sixth-round selection in the 2017 NHL Draft, from the Montreal Canadiens in exchange for defenseman Nikita Nesterov, vice president and general manager Steve Yzerman announced.

Racine, 23, has played in one NHL game, that coming during the 2013-14 season while a member of the Florida Panthers. He was traded from the Panthers to Montreal prior to the start of this season and has played 26 games for the St. John’s IceCaps, the Canadiens’ AHL affiliate. Racine has three assists and ranks fourth on the team and first among IceCaps’ defensemen for penalty minutes with 58.

The 6-foot-2, 194-pound Racine was originally a third round draft pick, 87th overall, of the Florida Panthers at the 2011 NHL Draft

TAMPA BAY – The Tampa Bay Lightning have acquired the rights to defenseman Daniel Walcott from the New York Rangers today in exchange for the Rangers’ seventh-round pick in 2015 (previously acquired), vice president and general manager Steve Yzerman announced.

Walcott, 5-foot-11, 170 pounds, has played in 121 games with the Blainville-Boisbriand Armada of the Quebec Major Junior Hockey League during the previous two seasons. He has recorded 17 goals and 80 points during that time with a plus-35 rating. He has also played in 25 playoff games with the Armada, recording five goals and 14 points.

A native of Ile Perrot, Quebec, Walcott also played in one game with the Hartford Wolf Pack at the end of the season.

TAMPA BAY – The Tampa Bay Lightning have acquired defenseman Braydon Coburn from the Philadelphia Flyers in exchange for defenseman Radko Gudas, along with the Lightning’s 2015 first round and third round picks, vice president and general manager Steve Yzerman announced today. If Tampa Bay fails to make the playoffs in 2015 and ends up with the first overall selection, Philadelphia will receive the New York Rangers’ 2015 first round pick (previously acquired) in the draft in lieu of Tampa Bay’s own first round selection. Additionally, the Lightning have acquired the Boston Bruins’ 2015 and 2016 second round draft picks in exchange for forward Brett Connolly.

Coburn, 30, has skated in 39 games this season with the Flyers, recording one goal and nine points to go along with 16 penalty minutes. The 6-foot-5, 220-pound defenseman ranks third among Flyer defensemen for average time on ice (20:14). Coburn leads Philadelphia for average shifts per game (27.9) this season.

The Shaunavon, Saskatchewan native has appeared in 614 career NHL games with the Flyers and Atlanta Thrashers, posting 37 goals and 166 points to go along with 504 penalty minutes. He set career highs for goals (nine), assists (27) and points (36) during the 2007-08 season while with the Flyers. Coburn has also skated in 72 career postseason games, all with the Flyers, collecting two goals and 23 points.

Coburn has represented Team Canada at the IIHF World Championships on two different occasions, capturing the Silver Medal in 2009. He also represented Team Canada at the World Jr. Championships twice, winning a Gold Medal in 2005 and a Silver Medal in 2004.

TAMPA BAY –The Tampa Bay Lightning have acquired fourth and seventh-round draft picks in the 2015 NHL Entry Draft from the Anaheim Ducks in exchange for forward Nate Thompson, vice president and general manager Steve Yzerman announced today.

Thompson played in 305 games with the Lightning after being claimed off waivers by Tampa Bay on January 21, 2010. During his career with the Lightning he registered 36 goals and 75 points. He has played in 22 career Stanley Cup Playoff games, all with Tampa Bay in 2011 and 2014, and recorded a goal with four points. Thompson has played in 391 career NHL games with the Lightning, New York Islanders and Boston Bruins. He has registered 39 goals and 85 points with 199 penalty minutes.

TAMPA BAY – The Tampa Bay Lightning have acquired a sixth-round pick at the 2015 NHL Entry Draft from the Arizona Coyotes in exchange for forwards Sam Gagner and B.J. Crombeen, vice president and general manager Steve Yzerman announced.

The Lightning acquired Gagner this evening from the Edmonton Oilers. Crombeen played in 99 games with Tampa Bay during two seasons, recording four goals and 18 points with 191 penalty minutes.

Reports have surfaced that the Lightning are retaining one-third of Gagner's salary as part of the deal.

TAMPA BAY – The Tampa Bay Lightning have traded forward Teddy Purcell to the Edmonton Oilers in exchange for forward Sam Gagner, vice president and general manager Steve Yzerman announced tonight.

Gagner, 5-foot-11, 202 pounds, has played in 481 career games with Edmonton, recording 101 goals and 295 points. He was drafted first overall, in the 2007 NHL Entry Draft.

Purcell, 6-foot-3, 203 pounds, has played in 310 games with the Lightning since being acquired from the Los Angeles Kings on March 3, 2010. During his career in Tampa Bay he accumulated 67 goals and 203 points. Purcell also played in 22 Stanley Cup Playoff games with the Bolts, recording seven goals and 18 points.

PHILADELPHIA –The Tampa Bay Lightning have acquired defenseman Jason Garrison, the rights to forward Jeff Costello and a seventh-round pick at the 2015 NHL Entry draft from the Vancouver Canucks in exchange for their second-round pick in 2014, vice president and general manager Steve Yzerman announced today.

Garrison, 6-foot-3, 222 pounds, played in 81 games with the Canucks last season, recording seven goals, four power-play goals and 33 points. He ranked fifth on the team overall for points and led all Vancouver blue-liners. Garrison averaged 20:53 in ice time per game in 2013-14, which ranked fourth among Canuck defensemen.

A native of White Rock, British Columbia, Garrison has played in 318 career NHL games with Vancouver and the Florida Panthers. During his career he has amassed 38 goals, 16 on the power play, and 108 points. He finished third among all NHL defensemen for goal scoring in 2011-12 with 16. He has appeared in a total of eight playoff games, recording a goal and three points.

Igor Eronko of Sports.ru's hockey department tweeted this morning that prized Lightning prospect goaltender Andrey Vasilevskiy has decided to leave Salavat Ufa of the KHL and sign with Tampa Bay.

The Lightning have not announced the signing.

Vasilevskiy, who led Salavat to the KHL semifinals, was under contract in the KHL until the end of April. With the turn of the calendar page, he was eligible to sign with the Lightning and come to North America. Reports surfaced during the KHL playoffs that Salavat was going to offer the 2012 19th overall pick a hefty deal to remain in Russia for at least one more year. At the time of the reports, Vasilevskiy said he wasn't going to discuss his options until after the KHL playoffs were over.